UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: December 31, 1999
Institutional Investment Manager Filing this Report:
Name: Siphron Capital Management
Address: 280 South Beverly Drive, suite 412
Beverly Hills, CA 90212
13F File Number: 28-3316
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person signing
the report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists, and tables, are
considered integral parts of this form.
Person Signing this Report:
Name: David C. Siphron
Title: President / CEO
Phone: 310-858-7281
Signature, Place, and Date of Signing:
David C. Siphron Beverly Hills, California February 15, 2000
Report Type (Check only one) :
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY
THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: 1236397
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FORM 13F INFORMATION TABLE
Value Quantity SH/ PUT/ INV OTH VTG
NAME OF ISSUER Class Cusip (x$1000) of shares PRN CALL DSCRN MGR AUT
- ------------------- --- --------- ------ --------- -- ---- ---- --- ----
Abbott Laboratories COM 002824100 41,059 1,130,700 SH N/A SOLE N/A SOLE
American Express COM 025816109 87,564 526,700 SH SOLE SOLE
Bristol-Myers Squibb COM 110122108 29,087 453,150 SH SOLE SOLE
Campbell Soup COM 134429109 33,454 864,715 SH SOLE SOLE
Chase Manhattan COM 16161A108 36,587 470,944 SH SOLE SOLE
Clorox Co. COM 189054109 61,896 1,228,700 SH SOLE SOLE
Coca-Cola COM 191216100 53,954 926,250 SH SOLE SOLE
Dell Computers COM 247025109 68,962 1,352,200 SH SOLE SOLE
Eastman Kodak COM 277461109 17,503 264,198 SH SOLE SOLE
Electronic Data Sys. COM 285661104 52,432 783,300 SH SOLE SOLE
Gillette COM 375766102 59,458 1,443,600 SH SOLE SOLE
Hershey Foods COM 427866108 41,996 885,300 SH SOLE SOLE
Hewlett-Packard COM 428236103 45,022 395,800 SH SOLE SOLE
Intel Corp. COM 458140100 69,148 840,064 SH SOLE SOLE
Johnson & Johnson COM 478160104 61,125 655,500 SH SOLE SOLE
Lilly (Eli) COM 532457108 27,557 414,390 SH SOLE SOLE
McDonald's Corp. COM 580135101 59,256 1,469,920 SH SOLE SOLE
Merck & Co. COM 589331107 45,120 671,560 SH SOLE SOLE
Merrill Lynch COM 590188108 46,255 555,200 SH SOLE SOLE
Microsoft Corp. COM 594918104 64,948 556,300 SH SOLE SOLE
Minnesota Mining COM 604059105 49,547 506,230 SH SOLE SOLE
NIKE, Inc. 'B' COM 654106103 34,074 687,500 SH SOLE SOLE
PepsiCo, Inc. COM 713448108 46,893 1,330,300 SH SOLE SOLE
Schwab (Charles) COM 808513105 51,513 1,346,746 SH SOLE SOLE
Wrigley (Wm.) Jr. COM 982526105 51,987 626,820 SH SOLE SOLE
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